The Phoenix: Prospects of Egypt’s Oil and Gas Sector

... cheap resource production costs. It is possible that Russian companies would have expressed more interest in Egyptian projects, had the oil and gas prices been higher and the profits been greater. However, Russian companies have begun supplying oil and gas to Egypt. Rosneft and Gazprom signed contracts to supply LNG there. Rosneft’s LNG cargos of are delivered in accordance with a two-year contract , as well as bought on the spot market. It is worth noting that despite new gas discoveries, exporting natural ...